KARACHI: The Pakistan Stock Exchange’s benchmark index KSE-100 lost around 632 points in the early morning trade session here on Wednesday. According to experts, the negative market sentiment is largely due to the current political crisis in the country.
At 11:17AM, the KSE-100 recorded 41,557.64 points after losing 1.5 per cent. The market experts have attributed the decline to the announcement of the long march to Islamabad from October 28 by the Pakistan Tehreek-e-Insaf chief Imran Khan.
However, the experts have said that the long march’s impact on the PSX could be short-lived if the march did not hamper the economical progress and recovery. It is pertinent to mention here that Khan has already said that the long march would refrain from entering the Red Zone and indulging in any unlawful activity.